The National Bank of Ukraine (NBU) sold $322.6 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From February 12 to 16, the National Bank sold $322.6 million and purchased $0.3 million on the interbank foreign exchange market. Since the…
Only five out of 24 Baltic banks commit to net zero. It is time for the rest to step up, argue Vaida Arlauskaite and Monika Aleksiejute-Jonusauskiene of the consultancy Viridis Sustainability. Climate action is becoming crucial for all European financial institutions due to the rising influence of global frameworks like the Paris Agreement and regional…
In 2023, banks were charged UAH 73.5 billion in income tax, up 10-fold YoY. This was reported by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, in a Telegram message. “The accrued income tax in 2023 amounted to UAH 73.5 billion, which is 10 and 11.5 times more than…
Latvian banking sector has the lowest customer service quality in Baltic States, according to results of an annual customer service quality study by Dive. The company notes that among the three Baltic States, the best customer support service is found in Lithuania, which has a score of 94.02%. Estonia was next – this country’s banking…
In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023. The consistent rate, effective from February 1, underscores the central bank’s cautious approach to monetary policy.…
The National Bank of Ukraine (NBU) sold $421.3 million on the interbank foreign exchange market last week. According to the results of foreign exchange interventions, from January 22 to January 26, the NBU sold $421.3 million and bought $0.52 million on the interbank foreign exchange market. Since the beginning of 2024, the central bank has…
Recent data released by the Bulgarian National Bank (BNB) reveal a significant uptick in both deposits and loans during December 2023, signifying positive economic dynamics in the country. Non-financial corporations saw a noteworthy increase in deposits, amounting to BGN 43.829 billion, marking a substantial 9% surge compared to the same period in the previous year.…